URS to Be Acquired in $4 Billion Deal After Share-Price Problems

Engineering-services company URS Corp., a darling of some big-name investors that ended up disappointing them this year, said Sunday it agreed to be sold for $4 billion.

Aecom Technology Corp. will pay the equivalent of $56.31 in cash and stock for each share of URS, the two sides announced Sunday. The deal would represent an 8% premium to Friday's close for URS shares, which had been gaining in recent days amid takeover speculation.